Thats a bit high for a 3 yr old Lex. One answerer mentioned KBB. KBB has always been a bit high. But the public KBB that we all have access to is now a joke. It used to be that KBB updated their numbers quarterly. Now, they change WEEKLY. The value of cars is dropping so fast in this economy that the blue books cant keep up.
If you are a serious buyer, who CAN buy a car (either cash or you know you can get financing). I would go in at $22K and hold out as long as I can. I dount it can roll at $22, but they will work their asses off to sell anything right now.
As a side note, Toyota announced yesterday that its quarterly profits were off ** 90 % ** from last year. Thats huge. So even though its a used car, the dealer needs to move as much metal as possible.